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Plant & Machinery Valuation
Industrial plants, machinery and equipment — for bank finance, insolvency proceedings, financial reporting and tax.
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01 / 09Valuation
Plant & Machinery Valuation
IBBI Registered Valuers for Plant & Machinery, valuing factories, process plants and equipment across India.
- Established
- 1989
- Vastukala Architects & Engineers
- IBBI registered Valuers
- 7
- 3 asset classes
- Current bank & FI panels
- 15
- Current empanelments
- Incorporated
- 2010
- ISO 9001:2015 certified
Who we are
End-to-end valuation, TEV & Lender's Independent Engineer services
Vastukala Consultants (I) Pvt. Ltd. serves banks, financial institutions, corporates and asset owners across India. The firm began in 1989 as Vastukala Architects & Engineers and was incorporated as a private limited company in 2010, with its head office in Mumbai.
- IBBI Registered Valuers for Land & Building, Plant & Machinery, Securities or Financial Assets
- Techno-Economic Viability studies and Lender's Independent Engineer services for banks
- Registered valuers, chartered engineers, architects and chartered accountants in one team
- ISO 9001:2015 certified quality management
ISO 9001:2015Certified quality management
What we do
Our services
Valuation and project advisory for lenders, corporates and asset owners — by registered valuers and chartered engineers.
02Real Estate Valuation
Land, buildings and projects — residential, commercial, industrial and redevelopment — for lenders, courts and tax.
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03Techno-Economic Viability Studies
Independent assessment of a project's technical feasibility, cost, means of finance and financial viability for lenders.
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04Lender's Independent Engineer
On behalf of lenders: project cost verification, construction progress monitoring and fund-utilisation certification.
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05Corporate Valuation
A company's land, buildings, plant and other assets — for financial reporting, insolvency, mergers, loans and tax.
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06Specialised Asset Valuation
Marine vessels, helicopters, port cranes and other specialised equipment.
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07Chartered Engineer Services
Chartered engineer certification, carpet area measurement and technical due diligence.
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08Architecture & Interior Design
Architectural and interior design for commercial and residential projects.
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09Structural Engineering
Structural audits and stability assessments of existing buildings, and structural design for new ones.
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Leadership
The people behind Vastukala
Directors and regional heads, with their registrations and memberships — each linked to a full profile.
Founder · Chairman & Managing Director
Sharadkumar B. Chalikwar
A civil engineer (B.E., 1984) and Chartered Engineer since 1990, Sharadkumar Chalikwar founded Vastukala Architects & Engineers in 1989. He is an IBBI Registered Valuer for Land & Building, a registered valuer with the Income Tax Department for land & building and plant & machinery, and a Fellow of the Institution of Valuers and of the Institution of Engineers (India).
IBBI · Land & BuildingIncome Tax · Land & BuildingIncome Tax · Plant & MachineryIOV · Land & BuildingIIV · Plant & MachineryPVAI · Land & BuildingChartered EngineerIEI · Fellow
Full profile
Manoj B. Chalikwar
Joint Managing Director
IBBI — Land & Building, Plant & MachineryIncome Tax — Land & Building, Plant & MachineryIIV — Land & Building, Plant & MachineryPVAI — Land & BuildingIIV-RVF — Plant & MachineryChartered Engineer (India) — The Institution of Engineers (India)Licensed Structural Engineer — Maharashtra (UDCPR) — Directorate of Town Planning, Government of MaharashtraMember — The Institution of Engineers (India)
Vidhi M. Chalikwar
Director
Income Tax — Land & BuildingIIV — Land & BuildingIIV-RVF
Umang A. Patel
Director
IBBI — Land & Building, Plant & MachineryIncome Tax — Land & Building, Plant & MachineryIIV — Land & Building, Plant & MachineryIIV-RVF — Land & Building, Plant & MachineryChartered Engineer (India) — The Institution of Engineers (India)Associate Member — The Institution of Engineers (India)
Shashikant B. Chalikwar
Executive Director
Income Tax — Land & BuildingIIV — Land & BuildingIIV-RVF — Land & BuildingChartered Engineer (India) — The Institution of Engineers (India)Member — The Institution of Engineers (India)
Avinash Pandey
Regional Head, Thane
IBBI — Plant & MachineryIncome Tax — Plant & MachineryIIV-RVF — Plant & MachineryChartered Engineer (India) — The Institution of Engineers (India)Member — The Institution of Engineers (India)
Sanjay R. Phadol
Regional Head, Nashik
Empanelments
Banks & financial institutions
Banks and institutions that have empanelled Vastukala and its valuers.
State Bank of India — Valuer — Mumbai (Metro) & Maharashtra Circle 
Bank of India — Valuer — Mumbai North, Mumbai South and Nagpur zones 
Bank of Baroda — Valuer — Mumbai Zone 
Punjab National Bank — Valuer — MCC Nashik; Zonal Office Mumbai 
Canara Bank — Fixed assets valuer — Mumbai Circle 
Union Bank of India — Approved valuer — Regional Office Nashik 
Central Bank of India — Panel valuer — Regional Office Mumbai South 
Indian Bank — Panel engineer / approved valuer — Zonal Office Mumbai South 
IDBI Bank — Approved valuer 
Indian Overseas Bank — Valuer 
Bank of Maharashtra — Valuer — Zonal Office Indore 
Indian Banks' Association — Agency for Specialised Monitoring (ASM) 
The Cosmos Co-op. Bank — Valuer 
SVC Co-operative Bank — Valuer (re-empanelment) 
Janata Sahakari Bank, Pune — Valuer 
UCO Bank — Valuer — Mumbai Zone 
Axis Bank — Valuer — Latur 
Shinhan Bank — Valuer — Mumbai 
Debts Recovery Tribunal, Mumbai — Panel valuer — DRT I, II & III 
Janaseva Sahakari Bank (Borivli) — Valuer
All trademarks and logos are the property of their respective owners and are shown only to identify panel relationships.
Credentials
Every registration can be checked
Each valuer's registration number links to the official IBBI register, so lenders, insolvency professionals and courts can confirm it independently. Last checked on 8 Oct 2026.
IBBI register
7 registrations
- Sharadkumar B. ChalikwarLand & BuildingIBBI/RV/07/2019/11744(verify on the IBBI register)
- Manoj B. ChalikwarLand & BuildingIBBI/RV/07/2018/10366(verify on the IBBI register)
- Manoj B. ChalikwarPlant & MachineryIBBI/RV/04/2022/15187(verify on the IBBI register)
- Umang A. PatelPlant & MachineryIBBI/RV/04/2019/10803(verify on the IBBI register)
- Umang A. PatelLand & BuildingIBBI/RV/04/2022/15066(verify on the IBBI register)
- Avinash PandeyPlant & MachineryIBBI/RV/04/2019/11445(verify on the IBBI register)
- CA Prashant JainSecurities or Financial AssetsIBBI/RV/06/2018/10138(verify on the IBBI register)